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20121201
20121231
Search Results 0 to 5 of about 6 (some duplicates have been removed)
-wage china when he was on the board of gateway computer. he wants to turn michigan into the same low wage environment we see in china. >> reporter: looking around here live at the scene at the capitol, you have teachers who took the day off from school to demonstrate. you have united auto workers. we saw several big trucks from the teamsters. a lot of people sympathetic to efforts of these workers out here making their voices heard, expressing their discontent with what has happened. governor snyder told me a short time ago this is in response to a ballot initiative you remember failed in november. that was proposition 2. it would have put collective bargaining in the michigan constitution. it would have made it untouchable by any kind of new legislation. that is part of the complaint from the democrats. they say it is politics and retribution. also the complaint you hear from democrats it happened so fast. it happened without the public having time for input. what you see on the lawn is something governor snyder referenced f there wasn't enough time for public input you wouldn't have all
for the group. he was promoted second-in-command earlier this year. >>> back to the economy now, china apparently going on an american spending spree. a chinese company agreed to buy a big chunk of insurance giant aig for more than $4 billion after the company got a huge bailout during the u.s. financial crisis. that is not the only bargain that china is picking up from u.s. taxpayers lately. stuart varney on this morning, head of "varney & company" on fox business network. good morning, stuart. good to see you. >> good morning, martha. martha: they're gobbling up our assets in many ways . what do you make of it. >> they are spending the money they have got buying american assets cheap. you mentioned aig. a chinese company is paying $4 billion for aig's plane leasing business. aig remember got $189 billion as a bailout fund that was back in september of 2008. the taxpayers still are the largest shareholder in aig. we sold the plane leasing business to china cheap. second item, a 123 batteries, americans taxpayers gave that company $249 million in grants and another 250 million in tax s
there is large u.s. presence. south korea is calling for more u.s. sanctions. the most important, china, they are saying want a moderate and prudent response. may well go to the u.n. security council this morning. back to you. martha: so how important is it for north korea's missile regime, missile program i should say they were able to launch this weapon successfully? they have seen several failures in the past? >> reporter: well it is a major scientific achievement if you look at it on that level even though a lot of their people are starving in the country. from what the experts are saying they're still a long way off from being able to fire a ballistic missile with a nuclear warhead. there is problems with the heat from reentry, things like that. but it's, they are moving towards that ballistic missile which could threaten in the future the u.s. mainland. but it does seem a political success for the new leader, kim jong-un, this young new leader. he pushed for this rocket to be tested and for once it has been successful. back to you. martha: david, thank you very much. we'll have mo
and china. john fund, coauthor of the book "who's counting." you want a raise? you want a clerical worker? the money is pretty good. $87,000 a year. $105,000 with a compensation package. one of the top u.s. blue collar jobs. >> the outrageous thing about this strike is this. the port owners were willing to say all the clerks will have lifetime employment. but if someone retires we want the flexibility to move their job around or eliminate their position and the union said no. these clerks basically still use paper invoices to make sure the cargo moves clearly. a lot of that can be automated. these jobs, $165,000 are apparently forever. as a result of that we had this unnecessary strike and it cost a billion dollars a day and the price of toys may go up on christmas. >> this was not about benefits, vacation or pensions or salary. it was about the job of these clerks monitoring the port car go and their jobs are going to be guaranteed for life. but they wouldn't be allowed to replace them or eliminate those jobs once they retired. bill: so the debate was about what happens in the future. if
video of a dramatic rcue in china. a young woman getting money from an atm machine is grabbed from behind and then a knife is put to her throat. there you see it. you can see the man holding her. a special unit of police and professional negotiators dispatched immediately to the scene after two hours finally able to take him down. wow. patti ann: the u.s. government is the nation's largest assett holder managing nearly 900,000 buildings and 640 million acres of land. in short hundreds of billions worth of assets that it could sell off to pay down the national debt. some say it's time for the government to start selling. william la jeunesse is live with that story for us. >> reporter: when trying to reduce federal spending any single line item is either diminished as a droop in the bucket or praised at ever penny count. although no individual program will solve this budget crisis what to peel do when money is tight, when you're already borrowing money for every dollar you spend? you raise money with a garage sale. from state-owned businesses like amtrak to vacant buildings like thes
Search Results 0 to 5 of about 6 (some duplicates have been removed)